China's Film Industry Grinds to a Halt Amid Coronavirus Epidemic

  • 📰 THR
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Global box office may take a $1 billion-plus hit as the world's second-biggest market shutters 70,000 screens while grappling to contain the coronavirus outbreak

Those cinemas that managed to stay open over the Jan. 24-26 weekend turned in a combined $2 million, according to local box office consultancy Artisan Gateway. That compares with $507 million generated over the first three days of last year's break — a holiday record that, before the outbreak, most analysts expected would be smashed this year. Notes Handler: "Who knows how long this epidemic will last? China is essentially quarantining itself. You can't fault the country.

Huanxi contends that it remains committed to the theatrical film model, but was just trying to do right by its fans and shareholders amidst a historically bad set of circumstances. Depending on how the epidemic progresses, studio tentpoles deeper into the calendar, such as Disney's live-action remake of, also could be bumped. Observers also believe that restarting China's release pipeline — whether it's weeks from now or months — will be far more challenging than shutting it down.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

so much talk about how many have died where it's spread to n so on yet no11 is talkin or doin anythin about a CURE or is no one reporting on it.... why aren't we talking bout how ppl can be saved instead of how many r dying also can China stoping eating every fkn animal or insect

Stop eating wild animals.

They can't go and watch those big gems we can see now (thanks to the Oscars fever). But it's ok, let's hope movie lovers can overcome this big problem and enjoy those amazing movies in the dark cinema.

Let’s hope they stop eating bats 🦇

That will make a difference. We both caught pertussis from a woman constantly coughing thru Big Fish. She was 2 rows ahead. There were a dozen adults in that theater, and I bet we all got it because Portland had a big rise in Whooping cough over the next few months.

It's not global box office, though, it's China box office. What Hollywood movie -- or any other country's movie -- were we expecting them to go see in the next couple months?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in BUSİNESS

Business Business Latest News, Business Business Headlines